Europe Renewable Energy Market

The Europe Renewable Energy market is poised for substantial growth, projected to reach 3657.7 USD Billion by 2035.

Siemens Gamesa, EDF Renewables, Ørsted, ACCONIA S.A., Iberdrola, Enel Green Power, Vestas, Brookfield Renewable Partners, First Solar, Canadian Solar

March 2025: Ørsted reached important milestones for both phases of its combined 112 MW Bahren West onshore wind project in Brandenburg, Germany. Bahren West I is now Ørsted’s largest German onshore wind project in its portfolio. With its 50.4 MW capacity, the project can supply the equivalent of 35,000 German households. With the first stage of the Bahren West wind farms completed, Ørsted now sets its sight on the second phase of the project with construction work of the 61.6 MW Bahren West II Onshore Wind Farm expected to commence in May 2025. Its final completion is expected in 2027.

March 2025: Vestas has secured a firm order for 68 V236-15.0 MW wind turbines for Vattenfall’s Nordlicht 1 offshore wind project. The agreement is for the supply, installation, and commissioning of the turbines. The scope of the contract includes a comprehensive 5-year service and warranty agreement followed by a 25-year operational support agreement. The order for Nordlicht 1 totals 1,020 MW, with a grid connection capacity of 980 MW and an excess capacity of 40 MW to use the connection capacity as efficiently as possible.

June 2024: An innovative energy transition and redevelopment project has been successfully completed with the full support of the local authorities and community: Trino, in the province of Vercelli, in the Piedmont region, is now home to the largest operating solar farm in northern Italy. The project, implemented on the site by Enel Green Power, involved the construction of a photovoltaic plant equipped with state-of-the-art storage technology. Trino’s history sets a record in renewable energy and proves that the site has played a major role in Italian energy history: in fact, until 1987, the town was home to one of the four second-generation nuclear power plants operating in Italy, and later to the country’s first combined cycle power plant.

July 2024: Repsol and EDF Renewables have reached an exclusivity agreement to join forces in view of future offshore wind tenders in Spain and Portugal, given that the Iberian Peninsula offers significant growth opportunities. Renewable generation projects are one of the strategic pillars of Repsol's energy transition process. To develop its portfolio of renewable projects, the company has set an investment framework of between €3 and €4 billion net until 2027. Repsol expects to have 9,000 MW-10,000 MW installed by 2027, of which 50% will be in the Iberian Peninsula and 30% in the United States.

Europe Renewable Energy Market Segmentation

Renewable Energy by Type Outlook

• Hydropower
• Wind Energy
• Solar Energy
• Bioenergy
• Geothermal Energy
• Ocean Energy

Renewable Energy by Material Type Outlook

• Recycled Materials
• Bio-Based Materials
• Low-Impact Materials

Renewable Energy by End-Use Outlook

• Residential
• Industrial
• Commercial

Renewable Energy Regional Outlook

• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Netherlands
  • Belgium
  • Austria
  • Poland
  • Czech Republic
  • Slovakia
  • Hungary
  • Romania
  • Baltic Countries
  • Rest of Europe